KALGOORLIE
CONSOLIDATED GOLD
MINES
A JOINT VENTURE BETWEEN
1
What’s Down the Track
• Current Life of Mine is to 2021
• Reduce All In Sustaining Cost to below $1,000/oz
• Commitment to Hannans North
• Mt Charlotte UG, 50th Year of continuous operations
What's Down the Track Forum
2
Current Strategy
Objective
•
Reduce All In Sustaining Cost per ounce to <A$1,000/oz
Tactics
•
•
Reduce operating cash costs
•
Tender all new contract work and commercial contracts
•
Understand the Risk and Reward profile for current processes and activities
•
Prioritise improvement projects that give “more for less”
•
Continue to improve safety performance (currently best since 2008)
Increase gold production
•
Increase mining rate at Mt Charlotte underground
•
Specific improvement projects to increase output
What's Down the Track Forum
3
Opportunities and Threats
Opportunities
• Extend current LOM – Open Pit and Underground
• Exploration potential – Underground
• Processing – Large tonnage and low cost
processing plant with capacity to treat refractory
ore
• Workforce – Experienced and stable (residential)
• Community – Good relationship
Threats
• Gold price continues to drop
• Royalty / tax increases
• Australian mining becoming less productive
What's Down the Track Forum
4
2013 LOM Metal Profile
Mt Charlotte
Complete
800
700
Open Pit Mining
Complete
600
Marginal Stockpile
Processing
'000 Ozs
500
400
300
200
100
0
2013
2014
2015
2016
2017
What's Down the Track Forum
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
5
2029
KCGM Community Investment
Strategic Long-Term Investments
• Part of ongoing closure planning
• Focused on sustainable projects for the wider
community
• Moved away from one-off events and initiatives
Hannans North Tourist Mine
• KCGM acting as caretakers to re-establish the
attractions
• Long-term business strategy being developed
• Dependent on community support
What's Down the Track Forum
6
50 Years at Mt Charlotte
•
5 Million ounces since 1963
•
Expected to close 1976, 1998 and 2001
•
1.2km deep
•
Average 3,740oz each month
•
Employs 60 people
Public tours
•
12 and 20 underground levels
•
Historic and present day mining
•
Limited time – Sept and Oct
•
230 visitors
Historic DVD
• Overview of the last 50yrs
• Available at Super Pit Shop
Proceeds
•
Approx $5k to Hannans North
What's Down the Track Forum
7